We are over all moving lower, and likely the end-stop somewhere $ 75-80 per barrel again Short-term we are in oversold territory and a pull back close to $ 101 gann resistance is possible short term. Strategy BUY $ 94-95.5 and take profit 100.50. Stop-loss if wanted, should be below $ 91.00 as its only short-term trade with low risk.
The market of USOIL seems bullish as Russia and Ukrain war still going on. Every support is an opportunity to long it.
The pattern suggest further upside short-term. The GANN fan for medium-term and short-term attracts likely $ 128-135 per barrel. However, be careful for the run up, as the steepness will provide the clue when a return will take place. For now, short-term BUY strategy is more likely beneficial in view of the GANN studies. The stochastic RSI also is positive and...
The market of USOIL is standing on it's resistance zone. If breakout occurred then we will see more bullish momentum on USOIL. SO better to watch the resistance zone for better earning.
As per the MACD indicator, it is showing bullish momentum to me. D1 candle is also in Bullish. So I believe it may give us handsome profit. Follow the trend line of your stop loss and take profit.
USOIL is looking like it may move higher. We have found a bottom (point 5 green) and a nice reversal higher. We have made it above point 4 - creating new high and we should take nice profits now. Now we expect a reversal to the breakout - blue line. If it gets there we'll examine the price action to see if we can go long again and continue the swing higher.
USOIL - Price rejecting from previous weekly low which is also a strong resistance level, had a few minor breaks of structure but nothing major, waiting for price to capture this liquidity and show us direction. Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries...
USOIL is increased last week as US increased it's interest rate. I believe that USOIL will continue grow to 116.20. Furthermore USOIL is obeying it's trend line and taking support on it.
Hello traders, Being such a long time. Hope you guys all good with novel coronavirus in the last 3 years. I am back now! Check with USOIL first since war between Ukraine and Russia has push all prices up, exp OIL. This chart on 4H CHART for USOIL is telling a story that 112-116 will be the next target zone for buyers. USOIL has been running sideways since...
It is fun looking at different ways of analyzing market. Using Kagi is a good way to see what the moves has been and where it likely can go. The pattern still within a triangle, and combining the state of market, BUYING pressure still exists on OIL. For now I am neutral with but inclining to go LONG current levels. The move higher is possible with positive...
It tries to push people out of their longs, but as long we remain above $ 88 I feel we should revisit $ 120-125 again. Buy @ 95.00-96.50 and keep stop loss @ 87.50 for now.
The market tries to create the feel that we are moving lower. the cloud support at 94.70 is nearing and then next we have Fib. support somewhere below $ 88.00. It will be difficult for me to go short purely because fundamentals have not changed. The only thing is, US interest rates developments causing a slowing down of US economy, but on other hand still energy...
No change in view. I prefer to be long rather than sell side. I feel fundamentally nothing has changed and still an ongoing crisis. Further, we are support Fib. $ 88 area and trend line below $ 94.70. The strategy is then to BUY $ 97.50-99.50 and take profit $ 120-125. Stop-loss for short-term @ 94.00 and for more patience below $ 87 for now. The stochastic...
I feel we may see a large spike upwards. the pattern has two legs and we are moving higher currently The strategy to BUY @ $ 98-101 seems workable and stop-loss I prefer below $ 78. The profit objective (if patience enough) will be above $ 130 for now.
No change in view. We should be buying at current or lower levels. Likely $ 97-100 for now for a move back towards $ 115-118. The main stop-loss below $ 78 for now.
USOIL - Looking for price to take out the liquidity its currently building by wicking into the low before rising to fill imbalances and the gap above. Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy...
We are approach cloud support $ 93 area and further lower level support $ 80s. The move lower is not supported by changed market conditions, rather than offloading of LONGs. For now, I suggest BUY $ 93-95 for a move back to $ 110-120. Stop-loss below $ 75.
oil might move lower to the 83 dollar level than it will resume the upwards move to 115, 130 and as high as 150 dollars